March 2025
14Mar

A roadmap to adequate retirement incomes for all

By Phoenix Insights Achieving decent, financially secure retirements for people in the UK is an essential priority for individuals, government and industry alike. Phoenix Group previously called for a holistic review of pensions adequacy, and are pleased to see the new Government’s commitment to do so in the coming months. The long standing question of ‘how much is enough’ for retirement can be complex and wide reaching one. The question will need to be answered through a collaborative approach and followed by an action plan....

March 14, 2025
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11Mar

UK. A shocking number of over-40s think they’ll have to work past pension age – for one clear reason

A huge number of over-40 workers in the UK fear they’ll be unable to retire from the workforce until into their 70s - because they won’t have the pension in place to do so. New research data shows more than a third of over-40s think they’ll still be working far past the state pension age, currently 66, while over a quarter are concerned they don’t know enough about their pension plans because their employers do not provide the necessary information. In the UK, the deadline...

March 11, 2025
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February 2025
25Feb

Micro-retirement: has gen Z found a brilliant fix for burnout?

Is this one of those things where gen Z takes an old concept, gives it a new name and pretends they invented it? Not at all. The concept is taken from a 2007 book called The 4-Hour Workweek by Timothy Ferriss. I take it back. Although nobody really talked about it until this year, when a bunch of TikTokers started doing it, so you’re partly right. So what is it? You know work-life balance? I am vaguely aware of it, yes. And you know how the company you work for only cares...

February 25, 2025
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19Feb

US. What the 2025 Social Security Age Change Means for Retirement Planning

If you're nearing retirement, you’ve probably wondered when to start taking Social Security benefits. For years, age 65 was considered the “normal” retirement age, but a law passed in 1983 gradually raised this age to reflect the increasing life expectancy of Americans.1 As of 2025, the full retirement age (FRA) is still rising depending on your birth year.2 Knowing when to claim benefits can significantly impact your monthly checks. Key Takeaways Full Retirement Age rises to 66 years and 10 months for those born in 1959. ...

February 19, 2025
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07Feb

Philippines. Funding your future: The road to retirement income

"SOCIAL security will cover most of my retirement expenses and I can fully rely on my company's retirement plan to further support me. Additionally, I can live comfortably on a smaller budget in retirement." While these thoughts are common when people think about retirement income, it is important to consider whether they might be too optimistic, as they could lead to complacency and hinder adequate preparation for retirement. The Mercer CFA Institute Global Pension Index (GPI), launched in 2009, is...

February 7, 2025
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January 2025
24Jan

2024 BlackRock Read on Retirement

By BlackRock Retirement. It’s deeply personal. And yet, many of the challenges workers face are common and shared. The relationship someone new to the workforce has with retirement is likely very different than that of someone later in their career. Layer in factors like individual experience and a lack of access to the right tools, opportunities and guidance… and suddenly the path can get complex. But we’re rethinking retirement – because it doesn’t have to be. Get the report here.

January 24, 2025
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24Jan

Influencing Retirement Savings Decisions with Automatic Enrollment and Related Tools

By John Beshears, James J. Choi, David Laibson & Brigitte C. Madrian Historically, retirees in the US relied on the “three-legged stool” of Social Security, defined benefit (DB) pension plans, and personal savings to provide retirement income.1 Beginning in the late 1970s, however, access to DB plans began to fall while access to defined contribution (DC) plans, which require individuals to make their own savings plan contributions and investment decisions during their working years, rose.2 As of December 2023, retirement assets in...

January 24, 2025
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24Jan

Australia. Avoiding the retirement poverty trap

More than one fifth of Australian retirees live in poverty, according to a recent report by the left-leaning think-tank, The Australia Institute. The Reducing poverty in retirement report compares the poverty rate of people aged 65 and over between Australia, Sweden, and Norway, which are nations with comparable GDPs. It concludes that the public pension systems in Sweden and Norway ensure retirement security while Australia’s system does not. The rate of poverty in retirement in Australia is 22.6% – more than one in five. In...

January 24, 2025
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06Jan

US. 9 Ways Retirement Will Be Different in 2025

Retirement is not static. Even when the kids are gone and the career is done, your lifestyle and expectations are constantly evolving. So are your finances. Areas key to retirees’ economic life, from Social Security payments and Medicare costs to the way we contribute to and withdraw from savings plans, will see changes in 2025. Here are nine things to know about your retirement money in the year to come. 1. Social Security payments Social Security’s cost-of-living adjustment (COLA) boosts benefits in 2025 by 2.5...

January 6, 2025
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December 2024
23Dec

Gen Xers Feel Unprepared for Retirement — 11 Things They Need To Do Right Away

Generation X is next in line to retire after boomers, and some have already begun. However, more than half of Gen Xers (52%) don’t feel prepared for retirement, according to a recent Northwestern Mutual study. While being so close to retirement may seem like it’s too late to take any significant action, financial experts explain that’s not the case. Here are 11 things Gen Xers who feel unprepared for retirement should do right away. Create a Financial Plan Though it’s tempting to try and land on a number...

December 23, 2024
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